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Today's Singapore Stock Market Recap

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Doi wrote a column · Dec 9 19:36
Today (December 9, 2024): The FTSE Singapore Strait Index performed as follows:
Open: 3,791.12 points
Close: 3,794.92 points
Gain: 0.08%
Analysis of Popular Stocks:
O39 OCBC Bank.
Close price: S$16.54
Gain: Up 0.85%
Daily fluctuation: Highest price S$16.60, lowest price S$16.37
Volume: Approximately 3,799,700 shares
Transaction amount: Approximately S$60,550,000
Overall market sentiment was positive, and the Singapore stock market continued to rise in the backdrop of a string of gains. OCBC Bank, one of the major banks, benefited from investors' growing confidence in financial stocks. OCBC Bank has a strong market position and competitive advantage in Singapore and Southeast Asia, and its diversified financial services and sound financial condition have attracted many investors.
U11 UOB:
Close price: S$36.8
Gain: 0.22%
Daily fluctuation: Highest price S$36.88, lowest price S$36.60
Volume: Approximately 790,100 shares
Transaction amount: Approximately S$29,066,600
S41 Hong Leong Finance:
Close price: S$2.45
Gain: 0.41%
Daily fluctuation: Highest price S$2.47, lowest price S$2.45
Volume: Approximately 16,000 shares
Transaction amount: Approximately S$393,000
Market Analysis:
Market Performance
The FTSE Singapore Strait Index experienced a small increase today, closing only 3.30 points higher than the opening, indicating a relatively stable market sentiment. Despite the uncertainty in the global economic environment, the Singapore stock market has shown some resilience.
Major Influencing Factors
Global market trends: The Singapore stock market was affected by external market fluctuations, especially the performance of the US stock market. Although US stocks rebounded slightly on Friday, investors' concerns about future economic growth persisted, leading to cautious market sentiment.
Industry dynamics: Today's market saw some outstanding performance from certain sectors, Conclusion
Today, the FTSE Straits Index rose slightly, reflecting the resilience of the market in the face of global
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